From Marketwatch "The Federal Reserve on Tuesday said it was establishing a temporary repo facility for foreign central banks that will help make U.S. dollars available in their jurisdictions. In the new facility, the central banks will be able to temporarily exchange...
Markets
Meet The New Boss – At The Fed
Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
Don’t Bailout The Share Buyback Queens
From Wolf Richter at Wolf Street. The Trump administration is considering a $850-billion stimulus package (bailout) for corporate America. This includes a bailout for the airline industry - the same airline industry that spent the past few years spending cash and...
The Fed Slashes Rates as Powell Declares Economy ‘Strong’
The Federal Reserve moved to an enact an emergency interest rate cut after officials saw the coronavirus having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday.Powell held a news conference following the central bank’s decision to cut...
Common Objections to Free Markets – REBUTTED! Antony Davies and Keith Knight
Antony Davies is an associate professor of economics at Duquesne University and Mercatus Affiliated Senior Scholar at George Mason University. His primary research interests include econometrics and public policy.
Find Mr. Davies at his website: antolin-davies.com
His podcast: www.wordsandnumbers.org
And on Learn Liberty: http://www.learnliberty.org/speakers/antony-davies/
bitcoin is Dead: Part 4
Click here for Part 3 For the audio version, check out my podcast A Boy Named Pseu where you can download it on all podcast platforms. (read starts at 8:54) Read full piece here. If bitcoin is dead, then Nigerians aren’t living off it Bitcoin is empowering the...
How Excessive Federal Spending Sparked a Liquidity Crisis
Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal...
Pressure-Release Valves in Participatory Fascism
Almost every nation in the world has adopted a system of participatory fascism, whereby nominally representative governments can abridge and restrict someone’s nominally recognized private-property rights. Participatory fascism may enjoy the appearance of popular...
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Hotter Than The Sun: Time To Abolish Nuclear Weapons
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Enough Already: Time to End the War on Terrorism
